Our Mid Cap portfolio seeks to achieve capital appreciation by primarily investing in small- to mid-sized companies with above average growth potential. Mid-sized companies, according to the manager, are companies whose market capitalizations ranges from $2 billion to $10 billion at the time of purchase. The manager maintains a concentrated portfolio of mid-cap companies traded on US exchanges.

Research

Companies are subjected to an eight-point evaluation based on items, such as revenue growth, earnings growth, cash-flow growth, debt-to-equity ratio, and other economic conditions. Manager does not attempt to “time the market”, however, he may pass on high-scoring companies whose industry group is waning.

Approach

Manager seeks to purchase securities he believes are undervalued and may provide an opportunity for a quick profit. Particular attention is given to companies with recent earnings upgrades and revisions.

Allocation discipline

Under normal circumstances, the manager invests at least 80% of the net assets in equity securities of mid-cap companies. The portfolio generally maintains (10-15) positions, and the turnover rate can be very high with an average turnaround of 20 days. Manager may remain in cash until an opportunity is found.

Sell discipline

Manager continuously ranks stocks from best to worst applying an eight-point evaluation score; as a result, a security may be sold when another security exhibits a higher score. In addition, if a security has performed above and beyond the manager’s expectations then it may be sold.

Exceptions

Our strict eight-point evaluation process may limit the number of potential companies; as a consequence, the portfolio may lack the diversification of other investment portfolios. Likewise, during certain periods, the portfolio may carry a larger cash position than desired. Risks associated with investing in mid-cap stocks may be higher due to the reduced liquidity and ensuing volatility.

About Snowcrest Capital

Snowcrest Capital Management, LLC is an independent Registered Investment Advisory (RIA) firm located in the Rocky Mountains of Salt Lake City, Utah. Our firm was founded by professionals from different areas of the industry – including investment management, consulting, trading, and wealth management. We’ve intentionally organized ourselves in an independent manner, absent any broker-dealer, in order to maximize our ability to provide our clients with objective and unbiased oversight of their assets.

Important Information

Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.

All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Portfolio Manager’s pre-IBKR Asset Management performance information may include performance of non-IBKR Asset Management client accounts. Performance of the Portfolio Manager's account is calculated by IBKR Asset Management on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions. Manager returns include trades and positions that fail IBKR Asset Management's trading rules, as a result, actual client returns will differ. IBKR Asset Management advisory fees are simulated and applied retroactively to present the portfolio return "net-of-fees".

None of the performance information displayed on this page is based on the actual performance of any IBKR Asset Management client account investing in this portfolio. The performance in an IBKR Asset Management client account invested in this portfolio may differ (i.e., be lower or higher) from the Portfolio Manager’s account performance based on any trading restrictions imposed by the client (resulting in different account holdings), time of initial investment, amount of investment, frequency and size of cash flows in and out of the client account, applicable brokerage commissions, and different corporate actions. Clients investing in this portfolio may view the actual performance of their investment in this portfolio by logging into their IBKR Asset Management account and reviewing their customized dashboard.

All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by IBKR Asset Management, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.

The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither IBKR Asset Management nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.

Benchmark returns displayed have been calculated by IBKR Asset Management using daily adjusted close prices and include dividend income. More information here. For certain portfolios IBKR Asset Management uses an index as a benchmark, while for others it uses an investable exchange traded fund (ETF) as a benchmark. Index returns do not reflect the deduction of any management fees, transaction costs or expenses. Individuals cannot invest directly in an index. Investable ETF returns reflect the deduction of (i.e., are net of) management fees, transaction costs and expenses.

All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of IBKR Asset Management has been provided by the Portfolio Manager. IBKR Asset Management makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of IBKR Asset Management. Transaction history of Portfolio Managers is available upon request. Portfolio classifications are provided by IBKR Asset Management, and are intended to serve as a general guide.

Not all transactions listed will appear in accounts due to IBKR Asset Management's trading rules and individual client constraints. Eligibility of these securities is monitored periodically, and may change over time. Actual client investment holdings may vary.

This portfolio was launched on IBKR Asset Management on September 06, 2016.

The Portfolio Manager could use short selling to manage this portfolio. Short selling is more complex than simply owning securities, involves a high degree of risk, is highly speculative, and is not suitable for all investors. The risk of loss associated with short selling is virtually unlimited. Short selling may also involve additional expenses and risks, including hard-to-borrow stock charges and buy-in risk. You should only select a portfolio using short selling if you are comfortable with the level of risk involved in short selling.

The Portfolio Manager could use borrowed funds or leverage to fund investments in this portfolio. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value. Leverage involves a high degree of risk, is highly speculative, and is not suitable for all investors. Leverage increases both the amount you may lose and the amount you may make in a portfolio, leading to higher returns in the case of favorable market movements but also larger losses under adverse market conditions. You may also incur additional expenses associated with borrowing funds. You should only select a portfolio using leverage if you are comfortable with the level of risk involved in using leverage.

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